Sebi opens doors for AMCs to attract foreign funds – Market News
The Securities and Exchange Board of India’s (Sebi) proposal to remove restrictions on mutual fund business expansion under Regulation 24, implemented in 2011, is being seen as a positive development by the industry. Industry participants believe the move will, over time, help attract greater foreign capital. Swarup Anand Mohanty, vice-chairman & CEO, Mirae Asset Investment Managers (India),